Producer prices in Latvia increased 4.7 percent year-on-year in February of 2019, following a 4.6 percent rise in the previous month. Cost advanced faster for electricity, gas, steam & air conditioning supply (11 percent from 8.2 percent in January); water supply, waste water, waste management and remediation (12.5 percent from 11.8 percent) and mining & quarrying (5.4 percent from 4.6 percent). On the other hand, prices slowed for manufacturing (2.9 percent from 3.4 percent). On a monthly basis, producer prices went up 0.6 percent, after a 0.1 percent gain in January. Producer Prices Change in Latvia averaged 4.45 percent from 2005 until 2019, reaching an all time high of 17.70 percent in April of 2007 and a record low of -9.30 percent in August of 2009.
Producer Prices Change in Latvia is expected to be 4.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Latvia to stand at 3.40 in 12 months time. In the long-term, the Latvia Producer Prices Change is projected to trend around 2.40 percent in 2020, according to our econometric models.